Hy2gen plans to produce hydrogen-based fuels for maritime and ground transport, aviation, and industrial applications
Hy2gen banks €200mn in sector’s largest private capital fundraise
Germany-based green hydrogen developer to invest in production of clean fuels for transport sector
Hy2gen, a Germany-based green hydrogen project developer with a focus on clean fuels for the transport sector, has secured €200mn ($227mn) from a group of four financial and strategic investors in what it says is the sector’s largest private capital fundraise to date. The investment is led by Hy24, a major pure-play clean hydrogen infrastructure fund managed jointly by French fund manager Ardian and specialist clean hydrogen investment manager FiveT. The other investors are Mirova, an affiliate of France-based Natixis Investment Managers, Canada-based pension fund manager CDPQ, and French engineering and technology company Technip Energies. Hy2gen, the shareholders of which include Singapore
Also in this section
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade
